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5E Advanced Materials Inc.
FEAMNASDAQ
Wall Street ScoreUnder review
$2.49USD+$0.11 (+4.62%)
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Primary reporting period: 2026-06-30 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
5E Advanced Materials Inc. is actively involved in the discovery and development of mineral assets throughout Australia and the United States. The company's core focus lies in prospecting for valuable deposits of borates and lithium. A significant part of its operational strategy centers on the Fort Cady project, which is situated in Southern California.
How they make money
5E Advanced Materials is a development-stage company that has not yet generated revenue from operations. Its business model is focused on becoming a vertically integrated global supplier of refined borates and advanced boron derivative materials, with plans to extract and process these minerals from its Fort Cady Project in California. The company currently relies on equity financing and equity-linked instruments to fund its operating and investing activities while it works toward commercial production.
Products & services
The company intends to produce boric acid, boron advanced materials, lithium carbonate, and co-products such as calcium chloride and gypsum.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer categories were not separately identified in the reviewed source set.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Strengths
Large domestic boron and lithium resource in southern CaliforniaSource
Risks
The company has not generated revenue since inception and has incurred recurring losses, raising substantial doubt about its ability to continue as a going concern.Source
Need to secure additional financing within the next twelve months to maintain operations.Source
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•How long can FEAM fund negative free cash flow using its current cash position before it may need more debt or new shares?
•How is FEAM likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What specifically needs to improve for FEAM to reach sustainable profitability?
•What future growth or profitability would be needed to justify FEAM's current valuation?
•What does the current fundamental change risk warning mean for the reliability or interpretation of FEAM's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FEAM
Detected from reported data — verify before acting.
Debt service risk
Interest coverage is low (~-2406.6x). Earnings may be strained to cover interest expense.
M&A headline · Oct 7, 2026
5E Advanced Materials Provides Additional Details on Integration and Expected Financial Impact of Searles Valley Asset Acquisition — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
5E Advanced Materials Completes Transformational Acquisition of Searles Valley Minerals and Announces Shareholder Update Call — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
5E Advanced Materials CEO Paul Weibel Discusses Searles Valley Acquisition Agreement and Path to Revenue Generation at Water Tower Research Insights Conference — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
5E Advanced Materials Enters into Agreement to Acquire Certain Assets of Searles Valley Minerals — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Large domestic boron and lithium resource in southern California.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Chemicals - Specialty industry.
−The company has not generated revenue since inception and has incurred recurring losses, raising substantial doubt about its ability to continue as a going concern.
−Need to secure additional financing within the next twelve months to maintain operations.
−Diluted weighted-average shares increased 107.4% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Debt
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Debt Cost26.5%
Debt Reduction YoY68.4%
Debt / Equity0.00x
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Revenue
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Revenue YoY—
Revenue CAGR—
Net Margin—
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Asset
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Asset Growth YoY-3.9%
Liquidation/Share$2.14
Net Assets/MCap0.44x
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Capital
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Earnings Yield-27.5%
Buyback Yield0.0%
Debt Cost26.5%
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Management
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ROIC-96.9%
ROE-66.9%
ROA-63.1%
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Moat
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EPS Growth—
FCF/Share Growth—
Rev/Share Growth—
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Valuation
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Intrinsic Value—
Value Reference—
MOS—
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Buffett
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Revenue—
Moat—
Valuation—
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MOS
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MOS %—
Value Reference—
Deep Discount Reference—
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Financial
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Interest Coverage-2406.6x
ROIC-96.9%
FCF Yield-16.4%
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Master
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Financial—
Valuation—
Debt—
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Resilience
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Survival Years0.8 yrs
Current Ratio7.12x
FCF Margin—
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailable
Current Price
$2.49
Model Intrinsic Value
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Difference
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Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Large reported revenue change: +72.5%
Revenue changed sharply from 2019 to 2020. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
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$0.00
$0.00
$0.00
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Cost of Revenue
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$21.6M
$20.2M
$0.00
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Gross Profit
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-$21.6M
-$20.2M
$0.00
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Research & Development
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$0.00
$0.00
$45K
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SG&A Expenses
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$12.1M
$14.4M
$22.9M
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Operating Expenses
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$35.1M
$23.6M
$35.9M
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EBITDA
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-$20.1M
-$5.0M
-$50.5M
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Operating Income
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-$43.3M
-$43.7M
-$35.9M
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Interest Expense
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-$18K
$6.5M
$6.2M
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Income Before Tax
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-$42.9M
-$31.4M
-$62.0M
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Income Tax Expense
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$0.00
$179K
$0.00
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Net Income
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-$42.9M
-$31.6M
-$62.0M
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Basic EPS
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$-1.43
$-3.95
$-27.16
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Basic Shares
41.52M
29.97M
8.00M
2.28M
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Diluted Shares
41.52M
29.97M
8.00M
2.28M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included cash levels, debt levels. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 55.1%. Cash increased 407.0%. Total debt declined 68.4%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
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10 Years
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Conservative Projection Rate
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Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
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